Macroprudential Policy

Counter arguments to the critics of modern monetary theory (MMT)

In recessions, the US (the Fed) lends to the US (the government) to achieve the dual mandate of the Fed, full employment and price...

Reforming monetary policy

Parliaments should redefine the monetary scope. Central banks should be able to conduct income transfers without involving political decisio

Does modern monetary theory (MMT) apply outside the US?

Modern monetary theory argues that a government can self-fund itself to boost demand in a recession.

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